Welcome to cryptosource.net – your most comprehensive source for anything blockchain and cryptocurrency related.
We review everything relevant to blockchain from whats recommended, to what to avoid, how to increase your coins, the best products, news and market prices. We cover all the different aspects of cryptocurrency in several different review style guides.
Bitcoin is designed to let you store, send, and receive money without any banks or credit card companies. Bitcoin is a new form of money that’s completely digital. It can be used by anyone, anywhere in the world. There are no dollars, euros, pesos, or yen – it’s a universal currency. Incredibly, Bitcoin is not controlled by any person, company, or government. It’s run by the community of its users. Bitcoin has benefits that make it better than traditional money, banks, and credit card companies.
Altcoins, meaning “alternative coins”, is another term for cryptocurrencies (other than Bitcoin). Since Bitcoin’s release in 2009, many have noticed its crucial advantages over government money, while also giving recognition to the fact that some of its aspects can be improved upon. That has lead to the appearance of hundreds of different altcoins, which are all ultimately based on the same technology of the Blockchain but are designed differently in some ways, in order to achieve different goals.
A Bitcoin wallet is a digital wallet to store your Bitcoin. Every Bitcoin wallet has both a public key and a private key. The public key is kind of like your street address, it is a 30+ digit combination of numbers and characters that you would use to receive Bitcoin. We review all the wallets on the market – and choose the most secure wallet for storing your coins.
Identifying which is the best exchange for you could not only save you time but also ultimately save you money. If you want to exchange US Dollar, Euro or other FIAT currencies to Bitcoin or Altcoins, we compare the best Bitcoin Exchanges. We review over 20 exchanges from around the world for the best place to buy and sell Bitcoins.
What is mining and is it still worth doing in 2018? Today cryptocurrency mining is a popular and profitable business, however, this profitability depends on many different and complex factors such as the type of cryptocurrency, your mining method implemented, your running and incurred costs and the current market demand for the coin.
Bitcoin faucets are a reward system, in the form of a website or app, that dispenses rewards in the form of a Satoshi, which is a hundredth of a millionth BTC, for visitors to claim in exchange for completing a CAPTCHA or task as described by the website. There are also faucets that dispense alternative cryptocurrencies.
Initial Coin Offerings – ICOs
What are initial coin offerings? An initial coin offering (ICO) or initial currency offering, is a type of crowdfunding using cryptocurrencies. Using Crypto as a means of raising capital has been prone to scams and securities law violations in the past. An ICO can be a source of capital for startup companies. See our list of upcoming ICOs in 2018.